Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.006%

Price spread now: Bybit against Polymarket Perps+0.033%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.106%+$11 · spread now +0.033%, 7d avg +0.074%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.042% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.074%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps INTC-USD	121.64	0.0050	pay 0.0006% / 1h	31m 23s	$203K	$389K	10x
Short	Bybit INTCUSDT	121.68	0	get 0.0000% / 8h	3h 31m	$13.4M	$29.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$10.5
Price spread: +0.033% → +0.074%: −$4.16
Slippage, 4 orders: −$16.03
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.69
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 16 min ago	2.87 bp	9.9 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.41 bp	9.8 bp −$10	18.2 bp −$182	236.7 bp −$23.7K	doesn't fit

INTC on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster INTCUSDT	0.0000%	8h	121.63	−0.008%	$300K	$501K	20x	as long as short
Extended INTC_24_5-USD	0.0000%	1h	121.65	+0.006%	$325K	$1.1M	10x	as long as short
Binance INTCUSDT	0.0000%	8h	121.67	+0.022%	$71.7M	$412.2M	25x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	121.68	+0.033%	$13.4M	$29.3M	50x
OKX INTC-USDT-SWAP	0.0000%	8h	121.65	+0.008%	$18.2M	$68.6M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	121.67	+0.025%	$8.8M	$32.4M	75x	as long as short
Variational Omni INTC	0.0000%	8h	121.65	+0.006%	$2.1M	$2.4M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.67	+0.024%	$912K	$1.8M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.62	−0.016%	$20K	$179K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.65	+0.008%	$1.7M	$50K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH INTC	+0.0032%	1h	121.67	+0.025%	$596K	$3.1M	10x	as long as short
Aftermath Perps INTCUSD	+0.0037%	1h	121.65	+0.012%	$2K	$54K	10x	as long as short
QFEX INTC-USD	+0.0044%	1h	121.70	+0.049%	$1.9M	$15.1M	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.67	+0.025%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USDlong	+0.0050%	1h	121.64	long leg	$203K	$389K	10x
SoDEX INTC-USD	+0.0050%	1h	121.67	+0.022%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.51	−0.107%	$1.2M	$2.2M	10x	as long as short
Paradex INTC-USD-PERP	+0.0058%	8h	121.63	−0.006%	—	—	5x	as long as short
Nado INTC-PERP	+0.0059%	1h	121.59	−0.039%	$170K	$211K	10x	as long as short
Aevo INTC-PERP	+0.0080%	1h	121.67	+0.021%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0100%	8h	121.71	+0.058%	$1.2M	$62K	20x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.72	+0.066%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.64	0.000%	$4K	$3K	10x	as long as short
BloFin INTC-USDT	+0.0120%	8h	121.66	+0.016%	$902K	$316K	25x	as long as short
Bitget INTCUSDT	+0.0161%	8h	121.71	+0.058%	$25.6M	$34.1M	50x	as long as short
RISEx INTC/USDC	+0.0169%	1h	121.68	+0.037%	$328K	$388K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0184%	1h	121.53	−0.090%	$291K	$1.2M	10x	as long as short
tradeXYZ xyz:INTC	+0.0211%	1h	121.66	+0.016%	$143.6M	$82.3M	10x	as long as short
Injective INTC/USDC PERP	+0.0220%	1h	121.34	−0.247%	$213	$31K	12x	as long as short
Phoenix INTC	+0.0263%	1h	121.67	+0.025%	$47K	$288K	10x	as long as short
Lighter INTC	+0.0264%	1h	121.73	+0.074%	$1.5M	$2.3M	10x	as long as short
Arcus INTC-USD	+0.0386%	1h	121.64	0.000%	$134K	$272K	10x	as long as short
edgeX INTCUSDC	+0.0531%	4h	121.68	+0.033%	$86K	$286K	10x	as long as short